If an article is sold for $90.00, a profit of 25% is made. The cost price of the article is?
Answers
Answered by
2
Step-by-step explanation:
SP of article = $90
gain % = 25%
CP = ( 100 / gain % + 100 ) × SP
→ 100/125 ×90
→ 0.8 × 90 = 72
therefore , Cost price of the article is $72.
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Answered by
1
Answer:
The answer is $72
step by step solution:
There is a simpler method of solving it
since profit made is 25%
$90 is 125% of cost price
let cp be x
then by simple way through which we calculate %
(90/x)X100= 125
9000/x=120
x=9000/120
The answer is $72
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